{"id":341299,"date":"2020-03-11T11:29:20","date_gmt":"2020-03-11T05:59:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=341299"},"modified":"2020-03-11T11:29:20","modified_gmt":"2020-03-11T05:59:20","slug":"oil-crash-sparks-black-monday-meltdown-on-virus-hit-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-crash-sparks-black-monday-meltdown-on-virus-hit-markets\/","title":{"rendered":"Oil crash sparks \u2018Black Monday\u2019 meltdown on virus-hit markets"},"content":{"rendered":"<p>World oil prices crashed on Monday, fuelling a vicious selloff on stock markets \u2014 which were already buckling under intense pressure over the spreading deadly coronavirus.<\/p>\n<p>Stocks tanked as the global oil market nosedived 30 percent at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production.<\/p>\n<p>The dollar slid versus the yen, a haven investment.<\/p>\n<p>\u201cThe markets have passed from panic mode into pure hysteria,\u201d said Ayush Ansal, chief investment officer at trading firm Crimson Black Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World oil prices crashed on Monday, fuelling a vicious selloff on stock markets \u2014 which were already buckling under intense pressure over the spreading deadly coronavirus. Stocks tanked as the global oil market nosedived 30 percent at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production. The dollar slid versus the yen, a haven investment. \u201cThe markets have passed from panic mode into pure hysteria,\u201d said Ayush Ansal, chief investment officer at trading firm Crimson Black Capital.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-341299","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=341299"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/341299\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=341299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=341299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=341299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}